Apple Inc. (NASDAQ:AAPL) posted strong third-quarter result on Monday, and BMO Capital Markets analysts Tim Long, Ari Klein and Alex Spektor, in a report dated October 20, 2014, expect related companies like Qualcomm, Inc. (NASDAQ:QCOM) (primarily royalty numbers) to benefit from Apple’s success. The analysts are expecting total reported device sales (TRDS) for September to surge though “limited visibility on the China impact persists.”

Apple Inc. (AAPL) Strong 3Q Benefits Qualcomm And Some RF Firms

Upside expected for Qualcomm, RFs

For the September quarter, Apple Inc. (NASDAQ:AAPL) iPhone shipments totaled 39.3 million, which is higher than the estimate of 35.8 million provided by Keith Bachman of BMO Capital Markets. iPad shipments were in-line at 12.3 million, but the average selling price (ASP) was a bit weaker. Long et al. are expecting an upside of $1.2 billion to TRDS from the new Apple numbers.

Based on their handset model, the analysts expect September TRDS of $65.6 billion, and of this Qualcomm is expected to receive payment of $59.4 billion owing to “China underpayment.” The royalty numbers will become clear when Samsung, LG and the Japanese vendors posts their numbers next week, they note. BMO Capital Markets reiterated their Outperform rating on Qualcomm.

Based on higher dollar content in the new iPhone models, analysts are also expecting some upside to RF names including Skyworks, RF Micro Devices, and TriQuint.

“Given the stronger Apple Inc. (NASDAQ:AAPL) numbers, we see an opportunity for positive results and guidance for the group,” the BMO report notes.

Apple (AAPL) delivers another strong quarter

Apple Inc. (NASDAQ:AAPL) shares surged 4% to break $100 on Monday after the company posted earnings of $1.42 on revenue of $42.12 billion. On average, analysts expected the company to post EPS of $1.30 per share on revenue of $40 billion. The company also raised its December quarter guidance, and is now expecting to earn around $2.40-$2.50 a share on revenues of $65 billion, with 38% gross margins.

The iPhone maker posted impressive results and delivered an increased earnings of 13% compared to the previous year. Unlike other tech giants such as IBM, Google and Netflix, who did not perform up to expectations, Apple Inc. (NASDAQ:AAPL) posted a very strong quarter.

IBM has recently unveiled plans to reorganize to focus on growth areas as well as restructure the organization. Other firms such as eBay and HP have also announced plans for major restructurings and spin-offs. Apple Inc. (NASDAQ:AAPL), on the other hand, is focusing on product development further expansion.